CryptoQuant Founder: The current BTC market atmosphere is similar to mid-2020, and whales may be conducting over-the-counter trading
ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on social media that the current atmosphere in the Bitcoin market is similar to mid-2020. At that time, BTC hovered around $10,000 for six months, with active on-chain activity, which was later revealed to be over-the-counter trading. Now, despite lower price volatility, on-chain activity remains very active, with $1 billion being added to new whale wallets every day.
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